WASHINGTON (AP) The U.S. government will take another 30 days to decide whether to impose tariffs on imports of steel and aluminum from the European Union, Canada and Mexico, extending a period of uncertainty for businesses in those regions.
The delay helps the U.S. avoid a potential trade war with allies as it prepares for tense trade talks in China this week. But the EU slammed the decision as bad for business that prolongs market uncertainty, which is already affecting business decisions.
As a longstanding partner and friend of the U.S., we will not negotiate under threat, the EU said in a statement today.
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